Of course he was guilty. Billions of dollars vanished under his watch, while he somehow lived an extravagant life of luxury in the Bahamas, while piously preaching the gospel of “effective altruism” as a cover. The jury deliberated for only five hours, but now we have to wait until March until we learn how many decades he gets to spend in prison.
Now…when do his partners-in-crime, his girlfriend, his parents, face justice? They’re all awful people.
i assure you, this entire thing has been a sheer delight.
Girlfriend: I am in no regard any sort of fan of Caroline Ellison. But I will say in her favour that she pleaded guilty. Guilty, guilty, GUILTY. I do hope she gets the jail she deserves.
Other partners in crime: same. Jail, for A Bit Less Than SBF!
Parents: no charges yet. But John Ray, the CEO sorting out the disaster at FTX-in-bankruptcy, has written a complaint detailing a buttload of real-crime crimes and demands all the money back that Sam misappropriated for them. This document would also be excellent working material to write a nice criminal indictment from.
Why the fuck hasn’t Daniel Friedberg been indicted yet? FTX made sure they got a criminal lawyer.
These fucking people.
Now we wait for Binance and Tether. I am quite sure there is a sealed indictment for CZ from Binance, but he’s in Dubai and likely under the protection of some high up people there. Tether haven’t dared set foot in the US in the past five years, lol. C’mon guys, get ’em.
Maybe when they’re charged and convicted?
Just spitballing here, but maybe we convict people after a trial?
Unless you want to overrule the conviction of blood thingie in the Constitution.
Which would actually fit in with fascist bullshit against Jews quite nicely.
Otherwise, which I’m damned sure you support, let justice take its own sweet time.
My own experience with federal justice is, it takes a lot of time.
But, it’s like a frog cloaca, air tight and water tight when charges are brought.
My experience being exclusively on the “right side”.
Investigated to hell and gone a few times, rightfully so, exonerated every time.
Just added to my clearance table, overall.
My defense, Truth, Justice and the American Way.
OK, truth. The rest wended its way, errorful, into reality.
Truth wins via default, as tracking lies is a massive undertaking.
Can somebody explain why we have to wait 5 months before sentencing? I mean, I know there are going to be appeals, and committing the sentence can wait until the appeals are done (I prefer they aren’t, of course), but 5 months free gives a lot of time for planning a way to go on the run, even if his passport was confiscated.
Apparently some rich guy name Zusk, Prusk, something like that, said last year Bankman-Fried would never be investigate because he was a Democrat donor.
There are a fractally endlessly reflecting and echoing mirror of “Duh’es” here on the title question.
Guilty AF.
Too obvs..
Yet.. So much else. Also too obvs yet unaddressed.
Michael Milken now runs an educational foundation, after he got out of prison. Apparently when all was said and done they fined him $500mn out of the $600mn he managed to stash away.
It’s probable that if S B-F gets out, he’ll walk out of the prison into a chauffeured car.
Sam Bankman-Guilty…fried!
Sorry, getting ahead of the process there.
As my son said last night, who has switched to a business major, accounting is boring but a great way to commit crimes. And if you get caught and convicted, you’re treated pretty well…as compared to not-so-white-collar criminals.
Marcus Ranum $ 6, only to the private airplane, flying with an undocumented flightplan to a private island.
You really would have thought even crypto-bros would be wary of someone very nearly called Sam Banking-Fraud!
The whole point or at least the main point of crypto currencies is that they are…hard to trace.
That makes them ideal for tax evasion, money laundering, terrorism payments, and shifting money to tax havens outside the USA.
And, Sam Bankman-Fried was in charge of billions of dollars of crypto currencies. Which he looted for his own purposes.
It would be very surprising if he didn’t have a billion or so USD in crypto currencies stashed away somewhere, out of reach of forensic accountants and the US government.
It’s not like he has ever hesitated to commit any crime he wanted to.
#2 if you looked up the case, you’d know a pile of these people already took a plea, as my comment noted.
TLDR: If you don’t work for a bank and appear on < a href=’https://youtu.be/V36kSqwjaaw?si=IpGsD4OPhaV4ccJq’>Forbes thirty under thirty you should buy your fake passport now.
Ok here’s the link.
acroyear @ 3
He isn’t free, the judge put him in prison in August for witness tampering, and refused to release him after he was found guilty despite the stated intention to appeal.
Apparently some rich guy name Zusk, Prusk, something like that, said last year Bankman-Fried would never be investigate because he was a Democrat donor.
This makes it all the more important to absolutely shaft SBF, to set a good precedent for when Republican fraudsters and insurrectionists get convicted.
Totally innocent, he couldn’t know that magic didn’t exist or something.
But, quite interesting in political parties getting introduced.
Damning, even and not the way one expects.
If I recall correctly, he’s facing another trial on another matter and the judge is waiting for that to finish before passing sentence.
I do wonder though, will there be a marching band for all of the sentencing judges?